Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 01 - Financial Institution General Administration
Article 3 - Prohibited Practices and Sanctions
3 AAC 01.220 - False or misleading representations
Universal Citation: 3 AK Admin Code 01.220
Current through February 24, 2025
A creditor may not use any false, deceptive or misleading representation or means in connection with the collection of any debt, including but not limited to the following:
(1) any false representation
(A) that the lender is vouched for, bonded
by, or affiliated with the United States or any state;
(B) of the character, amount or legal status
of any debt;
(C) of any services
rendered or compensation due the creditor for the collection of any
debt;
(D) that documents are not
legal process forms or do not require action by the debtor;
(2) communicating or threatening to communicate to any person credit information which is known to be false or, if a debt is disputed, failing to communicate that fact when giving credit information.
Authority:AS 06.05.005
AS 06.05.075
AS 06.15.010
AS 06.20.340
AS 06.50.550
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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